Rathi Steel sales volume rises 30%, revenue exceeds ₹193 Cr in Q1 FY27
Rathi Steel and Power Limited announced a robust operational performance for Q1 FY27, achieving a 30% year-on-year increase in sales volume to 28,372 MT. Revenue surged by over 24% to exceed ₹193 Cr, bolstered by a significant doubling of TMT rebar sales volumes to 18,677 MT. The company navigated market volatility and rising energy costs through product mix optimization and market expansion.
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Rathi Steel and Power Limited reported a strong operational performance for the first quarter ended June 30, 2026, with sales volume growing approximately 30% year-on-year to 28,372 MT. Revenue for the quarter exceeded ₹193 Cr, reflecting growth of more than 24% compared to the corresponding quarter of the previous financial year. This growth was driven by a diversified product portfolio across Stainless Steel products and MS TMT rebars, alongside efforts to expand market reach.
The TMT rebar segment was a primary driver of volume growth during the quarter. Sales volumes in this segment more than doubled from 8,295 MT in the corresponding quarter of the previous financial year to 18,677 MT in Q1 FY27. This scale-up strengthened the company's overall product mix and provided greater flexibility to respond to varying demand conditions across segments.
The company delivered this performance despite an operating environment marked by adverse geopolitical conditions, volatile energy costs, and fluctuating demand momentum. Its focus on optimizing the product mix and expanding its market footprint helped mitigate the impact of elevated energy costs and softer demand in select sectors.
Operational Performance
The unaudited operational figures for the quarter are detailed below:
| Metric | Q1 FY27 | Q1 FY26 | Growth |
|---|---|---|---|
| Sales Volume (MT) | 28,372 | 21,864 | ~30% |
| Revenue | > ₹193 Cr | - | >24% |
| TMT Rebar Sales (MT) | 18,677 | 8,295 | >100% |
Looking ahead, the company remains focused on leveraging its diversified capabilities to capitalize on emerging opportunities. It aims to maintain a disciplined approach to cost management amid an evolving global operating environment. The quantitative volume figures mentioned do not include miscellaneous items.
Historical Stock Returns for Rathi Steel & Power
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.31% | +14.52% | +24.97% | -10.92% | -23.06% | +609.70% |
How will the company sustain the >100% growth in TMT rebar sales given the softer demand in select sectors?
What specific cost management strategies will be implemented to offset volatile energy costs in the coming quarters?
Are there plans to further diversify the product portfolio beyond Stainless Steel and MS TMT rebars to mitigate geopolitical risks?
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